Mark Boehmig
Realtor, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
LAKE CLUB
Published: May 2024*
Property Types: All Res. Proptype - All Property Statuses Price Range: $0 - No Limit SQFT Range: 0 - No Limit
Bedrooms: 0 - No Limit Full Baths: 0 - No Limit
Half Baths: 0 - No Limit Year Built: 0 - No Limit
April 2024 was a Neutral market! The number of for sale listings was up 107.1% from one year earlier and the same as the previous month. The number of sold listings decreased 33.3% year over year and the same month over month. The number of under contract listings was up 20% compared to previous month and up 100% compared to previous year. The Months of Inventory based on Closed Sales was 4.8, up 205.7% from the previous year.
The Average Sold Price per Square Footage was up 1.3% compared to previous month and up 11.7% compared to last year.
The Median Sold Price decreased by 24.2% from last month. The Average Sold Price also decreased by 23.3% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a neutral trend, an increase of 39.5% compared to previous year. The ratio of Sold Price vs. Original List Price was 93%, an increase of 3.3% compared to previous year.
It was a Neutral Market
Property Sales
(Sold)
April property sales were 6, down 33.3% from 9 in April of 2023 and the same as sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 15 units of 107.1%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was the same as the previous month.
Property Under Contract (Pended)
There was an increase of 20% in the pended properties in April, with 6 properties versus 5 last month. This month's pended property sales were 100% higher than at this time last year.
All reports are published May 2024, based on data available at the end of April 2024, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Mark Boehmig
Realtor, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
LAKE CLUB
Published: May 2024*
Property Types: All Res. Proptype - All Property Statuses
Price Range: $0 - No Limit SQFT
Bedrooms: 0 - No
The Average Sold Price per Square Footage was Appreciating*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The April 2024 Average Sold Price per Square Footage of $697 was up 1.3% from $688 last month and up 11.7% from $624 in April of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
0 - No Limit
0 - No
The Days on Market Showed Neutral Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for April 2024 was 60, up 57.9% from 38 days last month and up 39.5% from 43 days in April of last year.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 93% was down 3.1% % from last month and up from 3.3% % in April of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
Range:
Limit Full Baths:
Limit
Limit Year Built:
Limit
Half Baths: 0 - No
0 - No
All reports are published May 2024, based on data available at the end of April 2024, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Mark Boehmig
Realtor, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
LAKE CLUB
Published: May 2024*
Property Types: All Res. Proptype - All Property Statuses Price Range: $0 - No Limit SQFT
Bedrooms: 0 - No
The
Average
For Sale Price was Neutral*
The Average For Sale Price in April was $3,121,000, down 23.2% from $4,063,000 in April of 2023 and up 0.1% from $3,117,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in April was $2,177,000, down 11.1% from $2,449,000 in April of 2023 and down 23.3% from $2,839,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in April was $2,235,000, down 10.6% from $2,500,000 in April of 2023 and down 24.2% from $2,947,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
0 - No Limit
It was a Neutral Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The April 2024 Months of Inventory based on Closed Sales of 4.8 was increased by 205.7% compared to last year and the same compared to last month. April 2024 was Neutral market.
Months of Inventory based on Pended Sales
The April 2024 Months of Inventory based on Pended Sales of 4.8 was increased by 2.1% compared to last year and down 17.2% compared to last month. April 2024 was Neutral market.
Range:
Limit Full Baths:
Limit
Baths:
Limit Year Built:
Limit
0 - No
Half
0 - No
0 - No
All reports are published May 2024, based on data available at the end of April 2024, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Mark Boehmig
Realtor, GRI, CLHMS
(941)807-6936
markboehmig@michaelsaunders.com
MarkitSoldFL.com
LAKE CLUB
Published: May 2024*
Property Types: All Res. Proptype - All Property Statuses Price Range: $0 - No Limit SQFT
Bedrooms: 0 - No
It was a Neutral Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The April 2024 Absorption Rate based on Closed Sales of 20.7 was decreased by 67.8% compared to last year and the same compared to last month.
Absorption Rate based on Pended Sales
The April 2024 Absorption Rate based on Pended Sales of 20.7 was decreased by 3.3% compared to last year and up 20.3% compared to last month.
Range: 0 - No Limit
Limit Full Baths:
Limit
Limit Year Built:
Limit
0 - No
Half Baths: 0 - No
0 - No
All reports are published May 2024, based on data available at the end of April 2024, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.